13-4-2025 – Cryptocurrency markets have shown signs of recovery, bolstered by the temporary suspension of Trump’s proposed tariff measures, which had previously unsettled investors across various sectors.
The Teucrium 2x Long Daily XRP ETF has emerged as a standout performer, garnering substantial investor interest through consistent capital inflows over a five-day stretch leading up to 11 April. The product’s launch on NYSE Arca has proven particularly noteworthy, with its inaugural session concluding at $23.37 amidst robust trading activity exceeding $5.5 million.
Market sentiment surrounding the ETF’s performance has been decidedly positive, with social media platforms buzzing with enthusiastic commentary from various market participants. Bloomberg’s Senior ETF analyst Eric Balchunas offered his assessment, whilst retail investors expressed their approval through colourful market vernacular.
The momentum has shown no signs of abating, with trading volumes reaching an impressive $13.3 million by 9 April, pushing the price to $28.92. The ETF subsequently achieved a fresh peak of $29.21 on 11 April, accompanied by substantial daily trading activity of $8.5 million.
Notably, this success stands in contrast to the performance of other digital asset products, with Spot Bitcoin and Ethereum ETFs experiencing outflows of $1 million and $29.2 million respectively, according to Farside Investors’ analysis.
The native XRP token has demonstrated resilience, posting a 3.09% gain over 24 hours to reach $2.05. Standard Chartered’s optimistic outlook suggests potential for significant growth, with projections indicating a possible valuation of $5.50 by late 2025.
Market confidence appears well-founded, with Polymarket data suggesting a 59% likelihood of American regulators approving a Spot XRP ETF before year’s end. This regulatory optimism, combined with current market dynamics, suggests a potentially sustainable upward trajectory for the digital asset.
